{"id":58086,"date":"2021-05-30T08:04:33","date_gmt":"2021-05-30T13:04:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=58086"},"modified":"2021-05-30T08:04:33","modified_gmt":"2021-05-30T13:04:33","slug":"us-march-oil-production-rebounds-strongly-from-winter-storm-low","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=58086","title":{"rendered":"US March Oil Production Rebounds Strongly From Winter Storm Low"},"content":{"rendered":"<header class=\"entry-header page-header\">\n<h3 class=\"entry-title \"><a href=\"http:\/\/US March Oil Production Rebounds Strongly From Winter Storm Low  05\/29\/2021  Ovi  Bakken, Gulf of Mexico, Non-OPEC production, Texas, US Oil Production A post by Ovi at peakoilbarrel.  All of the oil (C + C) production data for the US state charts comes from the EIA\u02bcs Petroleum Supply monthly PSM. The charts below are updated to March 2021 for the 10 largest US oil producing states.   U.S. March production increased by 1,401 kb\/d to 11,184 kb\/d from February\u02bcs output of 9,783 kb\/d and was also 128 kb\/d higher than January\u2019s. The increase was due to the rebound from the severe winter storm that hit the four US southern states, Texas, New Mexico, Louisiana and Oklahoma. Note that February\u2019s output of 9,862 kb\/d in the previous report was revised down by 79 kb\/d to 9,783 kb\/d in the current report.  The May STEO report forecasted US March output would be 10,939 kb\/d vs the reported actual output for March of 11,184, an under estimate of 245 kb\/d. Note that March output was 57 kb\/d higher than January.  In the onshore lower 48, March production increased by 1,298 kb\/d, red graph. The 103 kb\/d difference between the two was largely due to the 107 kb\/d increase from the GOM.  Ranking Production from US States  Listed above are the 10 states with the largest US production. These 10 accounted for (79.8%) of US production out of a total production of 11,184 kb\/d in March 2021.   Of these 10 states, Texas, New Mexico and Oklahoma had the biggest percentage output increases relative to February. On a YoY basis, all states except New Mexico had a lower output than last year. Note also that New Mexico surpassed North Dakota in output and moved into second place.   Rig additions continued in the US from the August low of 172 to 359 in the last week of May. Over the last month there is a hint of slowing in rig additions in Texas and the Permian.   Frac spreads continue to increase at an average rate of close to 15.1\/mth.   Production by State  Texas production increased by 990 kb\/d in March to 4,745 kb\/d after rebounding from the February winter storm.  March output was 84 kb\/d higher than January.  From the end of March to the end of May Texas added 10 oil rigs.   March\u2019s New Mexico production increased by 172 kb\/d to 1,155 kb\/d after recovering from the February winter storm. March\u2019s output is a new record.  How will New Mexico\u2019s tougher emissions rules on oil and gas wells, which calls for 98 percent natural gas capture, affect its output growth rate going forward?  New Mexico is home to the most prized portion of the Permian basin shale formation. From the end of March to the end of May, 14 oil rigs were added to the New Mexico portion of the Permian.   According to the EIA, March\u2019s output was 1,027 kb\/d day, an increase of 14 kb\/d from February. During March, North Dakota had 13 rigs operating and by the second week of May had increased to 16.   The North Dakota Oil and Gas division reported that March\u2019s output in the Bakken was 1,065 kb\/d. It is surprising that the EIA reported total March output for North Dakota to be lower than the Bakken alone.\">US March Oil Production Rebounds Strongly From Winter Storm Low<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p><span class=\"has-inline-color has-black-color\">All of the oil (C + C) production data for the US state charts comes from the EIA\u02bcs Petroleum Supply monthly\u00a0<a href=\"https:\/\/www.eia.gov\/dnav\/pet\/pet_crd_crpdn_adc_mbbl_m.htm\">PSM<\/a>. The charts below are updated to March 2021 for the 10 largest US oil producing states.<\/span><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-31692\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/US-Tot-3.png\" sizes=\"auto, (max-width: 652px) 100vw, 652px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/US-Tot-3.png 652w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/US-Tot-3-150x95.png 150w\" alt=\"\" width=\"652\" height=\"415\" \/><\/figure>\n<p><span id=\"more-31360\"><\/span><span class=\"has-inline-color has-black-color\">U.S. March production increased by 1,401 kb\/d to 11,184 kb\/d from February\u02bcs output of 9,783 kb\/d and was also 128 kb\/d higher than January\u2019s. The increase was due to the rebound from the severe winter storm that hit the four US southern states, Texas, New Mexico, Louisiana and Oklahoma. Note that February\u2019s output of 9,862 kb\/d in the previous report was revised down by 79 kb\/d to 9,783 kb\/d in the current report.<\/span><\/p>\n<p><span class=\"has-inline-color has-black-color\">The May STEO report forecasted US March output would be 10,939 kb\/d vs the reported actual output for March of 11,184, an under estimate of 245 kb\/d.\u00a0<\/span>Note that\u00a0<span class=\"has-inline-color has-black-color\">March output was 57 kb\/d higher than January.<\/span><\/p>\n<p><span class=\"has-inline-color has-black-color\">In the onshore lower 48, March production increased by 1,298 kb\/d, red graph. The 103 kb\/d difference between the two was largely due to the 107 kb\/d increase from the GOM.<\/span><\/p>\n<h2>Ranking Production from US States<\/h2>\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-31687\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/Table-5.png\" sizes=\"auto, (max-width: 576px) 100vw, 576px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/Table-5.png 430w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/Table-5-150x107.png 150w\" alt=\"\" width=\"576\" height=\"410\" \/><\/figure>\n<p><span class=\"has-inline-color has-black-color\">Listed above are the 10 states with the largest US production. These 10 accounted for (79.8%) of US production out of a total production of 11,184 kb\/d in March 2021.\u00a0<\/span><\/p>\n<p><span class=\"has-inline-color has-black-color\">Of these 10 states, Texas, New Mexico and Oklahoma had the biggest percentage output increases relative to February. On a YoY basis, all states except New Mexico had a lower output than last year. Note also that New Mexico surpassed North Dakota in output and moved into second place.<\/span><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-31708\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/Rigs.png\" sizes=\"auto, (max-width: 592px) 100vw, 592px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/Rigs.png 592w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/Rigs-150x97.png 150w\" alt=\"\" width=\"592\" height=\"384\" \/><\/figure>\n<p><span class=\"has-inline-color has-black-color\">Rig additions continued in the US from the August low of 172 to 359 in the last week of May. Over the last month there is a hint of slowing in rig additions in Texas and the Permian.<\/span><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-31709\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/Fracs-3.png\" sizes=\"auto, (max-width: 561px) 100vw, 561px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/Fracs-3.png 561w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/05\/Fracs-3-150x105.png 150w\" alt=\"\" width=\"561\" height=\"393\" \/><\/figure>\n<p><span class=\"has-inline-color has-black-color\">Frac\u00a0spreads continue to increase at an average rate of close to 15.1\/mth.\u00a0<\/span><\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<p><span class=\"byline\"><span class=\"author vcard\"><a class=\"url fn n\" href=\"http:\/\/peakoilbarrel.com\/author\/ovi\/\">Ovi<\/a><\/span><\/span>\u00a0<span class=\"cat-links\"><i class=\"fa fa-folder-open\"><\/i>\u00a0<a href=\"http:\/\/peakoilbarrel.com\/category\/bakken\/\" rel=\"category tag\">Bakken<\/a>,\u00a0<a href=\"http:\/\/peakoilbarrel.com\/category\/gulf-of-mexico\/\" rel=\"category tag\">Gulf of Mexico<\/a>,\u00a0<a href=\"http:\/\/peakoilbarrel.com\/category\/non-opec-production\/\" rel=\"category tag\">Non-OPEC production<\/a>,\u00a0<a href=\"http:\/\/peakoilbarrel.com\/category\/texas\/\" rel=\"category tag\">Texas<\/a>,\u00a0<a href=\"http:\/\/peakoilbarrel.com\/category\/us-oil-production\/\" rel=\"category tag\">US Oil Production<\/a>, peak oil barrel,\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>US March Oil Production Rebounds Strongly From Winter Storm Low All of the oil (C + C) production data for the US state charts comes from the EIA\u02bcs Petroleum Supply monthly\u00a0PSM. The charts below are updated to March 2021 for the 10 largest US oil producing states. U.S. March production increased by 1,401 kb\/d to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[393,31285,31284,6245,2063,1474],"class_list":["post-58086","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-gulf-of-mexico","tag-non-opec-production","tag-ovi-bakken","tag-peak-oil-barrel","tag-texas","tag-us-oil-production"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58086"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58086\/revisions"}],"predecessor-version":[{"id":58087,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58086\/revisions\/58087"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}